Local Banks in Bangladesh

Local banks in Bangladesh are financial institutions that are headquartered and primarily operate within the country. They play a crucial role in the nation’s financial system by providing a wide range of banking services to individuals, businesses, and institutions.

Local Banks in Bangladesh:

Local banks in Bangladesh encompass a wide range of financial institutions that are headquartered and operate primarily within the country. These banks play a crucial role in the nation’s financial system by providing various banking services to individuals, businesses, and institutions. There are total 59 local banks while 11 public banks, 3 specialized banks, 6 non-scheduled banks are currently operating in Bangladesh beside of 42 local private banks.

See also:
❏ Banks in Bangladesh

• AB Bank PLC: AB Bank PLC is one of the leading private commercial banks in Bangladesh. Established in 1982, it was the first private sector bank in the country.
• Agrani Bank PLC: Agrani Bank PLC is a prominent state-owned commercial bank in Bangladesh, offering a diverse range of banking services across the country.
• Al-Arafah Islami Bank PLC: Al-Arafah Islami Bank PLC was established in 1995 with a focus on providing various Islamic banking products and services including Murabaha, Mudaraba, and Ijarah.
• Ansar VDP Unnayan Bank: Ansar VDP Unnayan Bank is a specialized state-owned bank in Bangladesh, primarily focused on providing financial services to the members of the Ansar and Village Defence Party (VDP) and their families.
• Bangladesh Commerce Bank PLC: Bangladesh Commerce Bank PLC is a private commercial bank in Bangladesh that offers a variety of banking services aimed at catering to the needs of individuals, businesses, and institutions.
• Bangladesh Development Bank PLC: Bangladesh Development Bank PLC is a state-owned specialized bank in Bangladesh that focuses on industrial financing and development projects to promote economic growth.
• Bangladesh Krishi Bank (BKB): Bangladesh Krishi Bank (BKB) is a specialized bank focusing primarily on the agricultural sector in Bangladesh.
• Bangladesh Samabaya Bank Limited: Bangladesh Samabaya Bank Limited is a specialized bank in Bangladesh focused on promoting cooperative banking and financial inclusion.
• BASIC Bank PLC: BASIC Bank PLC (Bangladesh Small Industries and Commerce Bank PLC) is a state-owned specialized bank in Bangladesh that focuses on providing industrial and commercial loans, particularly to small and medium enterprises (SMEs).
• Bank Asia PLC: Bank Asia PLC is a leading private commercial bank in Bangladesh, known for its innovative banking solutions and extensive range of services.
• Bengal Commercial Bank PLC: Bengal Commercial Bank PLC is a relatively new entrant in the private banking sector of Bangladesh, aiming to offer comprehensive banking services and foster economic development.
• BRAC Bank PLC: BRAC Bank PLC is one of the leading private commercial banks in Bangladesh, renowned for its focus on small and medium enterprises (SMEs) and innovation in banking services.
• City Bank PLC: City Bank PLC is one of the oldest and most prominent private commercial banks in Bangladesh. Established in 1983.
• Citizens Bank PLC: Citizens Bank PLC is a private commercial bank in Bangladesh that aims to provide a wide range of banking services with a focus on customer satisfaction and financial inclusion.
• Community Bank Bangladesh PLC: Community Bank Bangladesh PLC is a private commercial bank established to provide comprehensive banking services with a strong focus on community development and financial inclusion.
• Dhaka Bank PLC: Dhaka Bank PLC is a renowned private commercial bank in Bangladesh, offering a comprehensive suite of banking services tailored to meet the needs of individuals, businesses, and institutions.
• Dutch-Bangla Bank PLC: Dutch-Bangla Bank PLC is a prominent private commercial bank in Bangladesh, well-known for its technological advancements and wide range of banking services.
• Eastern Bank PLC: Eastern Bank PLC is a leading private commercial bank in Bangladesh, known for its innovative banking solutions and customer-centric approach.
• EXIM Bank PLC: EXIM Bank PLC, formerly known as Export Import Bank of Bangladesh Limited, was established in 1999. It converted into a full-fledged Islamic bank in 2004.
• First Security Islami Bank PLC: First Security Islami Bank PLC was established in 1999 and operates based on Islamic Shariah principles.
• Global Islami Bank PLC: Global Islami Bank PLC, formerly known as NRB Global Bank Limited, was established in 2013 and converted to a full-fledged Islamic bank in 2020.
• Grameen Bank: Grameen Bank is a pioneering microfinance institution in Bangladesh, known for its innovative approach to providing financial services to the rural poor.
• ICB Islamic Bank PLC: ICB Islamic Bank PLC, formerly known as Oriental Bank Limited, was converted to an Islamic bank in 2007.
• IFIC Bank PLC: IFIC Bank PLC (International Finance Investment and Commerce Bank PLC) is a private commercial bank in Bangladesh, offering a wide range of financial products and services to individuals, businesses, and institutions.
• Islami Bank Bangladesh PLC: The first Islamic bank in Southeast Asia, established in 1983. It offers a range of Shariah-compliant products and services including deposits, investments, and Islamic financing.
• Jamuna Bank PLC: Jamuna Bank PLC is a private commercial bank in Bangladesh, providing a wide array of financial services to individuals, businesses, and institutions.
• Janata Bank PLC: Janata Bank PLC is one of the largest state-owned commercial banks in Bangladesh, with extensive domestic and international operations.
• Jubilee Bank: Jubilee Bank is a private commercial bank in Bangladesh that offers a range of banking services to individuals, businesses, and institutions.
• Karmashangosthan Bank: Karmashangosthan Bank is a specialized bank in Bangladesh dedicated to providing financial services to support employment generation and skill development initiatives.
• Meghna Bank PLC: Meghna Bank PLC is a private commercial bank in Bangladesh, known for its customer-centric approach and innovative banking solutions.
• Mercantile Bank PLC: Mercantile Bank PLC is a well-established private commercial bank in Bangladesh, offering a wide range of financial products and services.
• Midland Bank PLC: Midland Bank PLC is a relatively new private commercial bank in Bangladesh, committed to offering innovative and customer-friendly banking solutions.
• Modhumoti Bank PLC: Modhumoti Bank PLC is a private commercial bank in Bangladesh, known for its innovative banking services and customer-focused approach.
• Mutual Trust Bank PLC (MTB): Mutual Trust Bank PLC (MTB) is a leading private commercial bank in Bangladesh, dedicated to providing a wide range of financial products and services to its customers.
• Nagad Digital Bank PLC: Nagad Digital Bank PLC is an emerging digital banking institution in Bangladesh, focused on providing modern and convenient banking solutions through digital platforms.
• National Bank Limited: National Bank Limited is one of the oldest private commercial banks in Bangladesh, offering a comprehensive range of financial services to individuals, businesses, and institutions.
• National Credit & Commerce (NCC) Bank PLC: National Credit & Commerce (NCC) Bank PLC is a prominent private commercial bank in Bangladesh, dedicated to providing a wide array of banking services to meet the needs of individuals, businesses, and institutions.
• NRB Bank PLC: NRB Bank PLC is a private commercial bank in Bangladesh, primarily focused on serving the Non-Resident Bangladeshi (NRB) community.
• NRB Commercial (NRBC) Bank PLC: NRB Commercial (NRBC) Bank PLC is a private commercial bank in Bangladesh, designed to cater to the financial needs of both Non-Resident Bangladeshis (NRBs) and local customers.
• One Bank PLC: One Bank PLC is a private commercial bank in Bangladesh, offering a range of financial services and products designed to meet the needs of individuals, businesses, and institutions.
• Padma Bank PLC: Padma Bank PLC is a private commercial bank in Bangladesh that offers a variety of banking services and financial products to individuals, businesses, and institutions.
• Palli Sanchay Bank: Palli Sanchay Bank is a specialized state-owned bank in Bangladesh focused on providing financial services to rural communities.
• Premier Bank PLC: Premier Bank PLC is a private commercial bank in Bangladesh, dedicated to providing a comprehensive range of banking services and financial products.
• Prime Bank PLC: Prime Bank PLC is a leading private commercial bank in Bangladesh, offering a wide array of financial services and products.
• Probashi Kallyan Bank (PKB): Probashi Kallyan Bank (PKB) is a specialized financial institution in Bangladesh established to cater to the needs of expatriate Bangladeshis and their families.
• Pubali Bank PLC: Pubali Bank PLC is one of the largest private commercial banks in Bangladesh, offering a comprehensive range of financial services.
• Rupali Bank PLC: Rupali Bank PLC is a major state-owned commercial bank in Bangladesh that provides comprehensive banking services to individuals and businesses.
• Rajshahi Krishi Unnayan Bank (RAKUB): Rajshahi Krishi Unnayan Bank (RAKUB) is a specialized bank in Bangladesh dedicated to agricultural development in the Rajshahi and Rangpur divisions.
• Shahjalal Islami Bank PLC: Shahjalal Islami Bank PLC was established in 2001 and focuses on providing Islamic banking services.
• Shimanto Bank PLC: Shimanto Bank PLC is a private commercial bank in Bangladesh, dedicated to providing a variety of banking services and financial products.
• Social Islami Bank PLC: Social Islami Bank PLC was founded in 1995. It offers a wide range of Shariah-compliant financial products and services.
• Sonali Bank PLC: Sonali Bank PLC is the largest state-owned commercial bank in Bangladesh, providing a wide range of banking services to individuals, businesses, and institutions.
• Southeast Bank PLC: Southeast Bank PLC is a prominent private commercial bank in Bangladesh, known for its extensive range of financial services and commitment to customer satisfaction.
• South Bangla Agriculture and Commerce (SBAC) Bank PLC: SBAC Bank PLC is a private commercial bank in Bangladesh, focusing on providing a range of financial services with an emphasis on agricultural and commercial sectors.
• Standard Bank PLC: Standard Bank PLC was established in 1999 as a conventional bank, and it began offering Islamic banking services through a dedicated Islamic banking division.
• Trust Bank PLC: Trust Bank PLC is a leading private commercial bank in Bangladesh, known for its comprehensive range of financial products and services.
• Union Bank PLC: Union Bank PLC was established in 2013, and operates based on Islamic Shariah principles.
• United Commercial Bank PLC (UCB): United Commercial Bank PLC (UCB) is one of the largest and oldest private commercial banks in Bangladesh. The bank offers a wide range of financial products and services, focusing on innovation and customer satisfaction.
• Uttara Bank PLC: Uttara Bank PLC is one of the oldest and most prominent private commercial banks in Bangladesh. With a long history of serving the financial needs of individuals and businesses.

Local banks in Bangladesh are integral to the nation’s economic stability and growth. They provide essential financial services, support government policies, and contribute to the broader development agenda.